Step-by-step instructions to start charities. What is philanthropy? Philanthropy is an association that helps poor people, for example, offering garments to individuals in need and nourishment to hungry individuals, offering a place to sleep to the homeless. Somebody or a charity organization must care for these nuts and bolts. In some […]
Entrepreneurs work with no help. Entrepreneurs are trying to wear too many hats. If you are setting up a business, you should never attempt to do everything yourself without help, as it will take a long time to bring your business off the ground. You have to know your strengths and […]
What are typical cash flow problems in business? The common mistake that start-ups make in setting up the business does not have a sound financial plan. Most of the time, they miss out on essential expenses or underestimate the amount they need to spend. Budget & cash flow Starting a business […]
Understand control accounts in Bookkeeping Introduction I am Vathani Ariyam, the author of this online course, “Understand control accounts in Bookkeeping,” It is a valuable course for business owners to master the sales and purchase accounts and check with cash flow and the budget. The students are on the lookout […]
What is the purpose of controlling accounts? Control accounts help in keeping the general ledger clean. If not, it will end up having too many entries in there. But it will have accurate entries to prepare the financial statements at the end of the financial year. Many of the accounts seen […]
What happens when liabilities exceed assets? What is a liability? Liability is the amount a business owes to others, like more loan payments and creditors, which means the company is in debt. What is an asset? An asset consists of land & buildings, equipment, machinery, and debtors, that is, the money […]
Accounting tips to prevent fraud in business I am Vathani Ariyam, the author of this online course, Accounting Tips to prevent fraud in Business; you meet many people in your life while you are in business. Are you a business owner or want to help someone save the company from scammers? […]
What are the features of the accounting discipline? You know an organization’s economic health by disciplining, identifying, and measuring using accounting. The discipline of accounts is easily understandable when you have a solid understanding of other organized disciplines. The definition of accounting is the record keeping of all the financial transactions […]